In a landmark decision at the first day of the global climate talks here, COP29 have officially adopted the new operational standards for a mechanism of the Paris Agreement under Article 6, setting the stage for a global carbon market. This adoption of article 6.4, achieved during the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA), sets the stage for operationalising Article 6, which has faced years of deadlock. Article 6 of the Paris Agreement facilitates international collaboration to lower carbon emissions. It offers two pathways for countries and companies to trade carbon offsets, supporting the achievement of emission reduction targets set in their climate action plans, or nationally determined contributions (NDCs). The first option, known as Article 6.2, allows two countries to establish a bilateral carbon trading agreement under their own terms. The second, Article 6.4, seeks to develop a centralised, UN-managed system to enable
Vehicular emission is the top contributor to Delhi's pollution during winter season--more than stubble burning, road dust or bursting of fire crackers -- with over 50 per cent of pollution from local sources linked to city's fragmented transportation system, according to the Centre for Science and Environment (CSE). An estimated 1.1 million vehicles enter and exit Delhi daily, further worsening the air quality. The traffic caused from this vehicle influx intensifies pollution, particularly nitrogen oxides (NOx), which account for 81 per cent of NOx pollution in Delhi. According to data presented by the CSE, local pollution sources in Delhi account for 30.34 per cent of the city's air pollution (50.1 per cent of which is contributed through transportation), while 34.97 per cent originates from the neighbouring NCR districts and 27.94 per cent from other areas. Stubble burning contributes only 8.19 per cent to Delhi's pollution levels. These data points are based on the CSE's analysi
Global greenhouse gas emissions hit record highs in 2023. At the same time, Earth experienced its hottest year
The Biden administration is awarding nearly USD 3 billion to boost climate-friendly equipment and infrastructure at ports across the country, including Baltimore, where a bridge collapse killed six construction workers in March and disrupted East Coast shipping routes for months. President Joe Biden announced the federal funding Tuesday during a visit to the city's main port, saying the money will improve and electrify port infrastructure at 55 sites nationwide while supporting an estimated 40,000 union jobs, reducing pollution and combating the climate crisis. The presidential visit, a week before Election Day, was intended to highlight efforts by Biden and Vice President Kamala Harris to promote clean energy while protecting and creating jobs. Ports are the linchpin to America's supply chain,' Biden said in a speech at Dundalk Marine Terminal, near the site of the March 26 bridge collapse that closed commercial shipping traffic for nearly three months. A small blue and white sign .
Delays in setting up a carbon market in India have become a pressing concern now, especially after a UN body warned this week of the perils of going slow on emission reductions
Amazon India on Monday said it has signed an initial pact with state-owned Hindustan Petroleum Corporation Ltd for pushing the development and adoption of Low Carbon Fuels (LCFs) for long-haul transportation in India. Under the collaboration, HPCL and Amazon will conduct a pilot to test fuels in the latter's long-haul transport vehicles and explore the possibilities of fuelling hubs and mobile refuelling stations for easy access to LCFs, Amazon India said. This alliance marks a significant step towards reducing carbon emissions in the transportation sector and also aligns with Amazon's global commitment to achieving net-zero carbon across its operations by 2040, contributing to India's national goal of net-zero carbon by 2070, Amazon India said. "Biofuels are key to India's energy transition and are set to contribute to jobs and economic growth. Amazon's collaboration with HPCL is a step toward empowering this transformational shift. "In line with The Climate Pledge's global goal t
Union Minister Manohar Lal on Saturday called for steps to reduce carbon emissions to meet the commitment of achieving net zero target by 2070. At present, the focus is on solar and wind energy and all the states were moving in this direction, the Power and Housing & Urban Affairs Minister, said. "We have to reduce the carbon emissions to reach the net zero by 2070," Manohar Lal told reporters after chairing a review meeting with the officials of Tamil Nadu Municipal Administration, TWAD, TUFIDCO, and power sector CPSEs, here. "Today, I was on a tour of two states - Puducherry and Tamil Nadu... We have requested that renewable energy plants be set up in all the states," the Minister said. During the review, certain demands like strengthening transmission line under the Revamped Distribution Sector Scheme (RDSS) and the prepaid system in smart metering be done in phases, were raised. "Given these demands, if we have to make some changes in the policy, we will do it," Manohar Lal ...
The company, which issues and award tenders for the federal government's renewable energy projects, expects investments worth $7.7 billion for a mix of solar, wind and battery storage projects by 2030
India should aim to set up large-size methanol plants to reduce the import of fossil fuels, Niti Aayog member VK Saraswat said on Wednesday. Saraswat further said India's dependence on thermal power plants will decrease in the future, so the country will have to make sure that the industry comes to manufacture methanol. "Methanol is a clean fuel...We should aim to set up large-size methanol plants in the country," he told reporters here. Saraswat said methanol can also be used as fuel in heavy commercial vehicles. Cochin Shipyard Limited (CSL) has been given an order by a foreign company to build a ship which will run on methanol, he said. Saraswat also informed that Niti Aayog will host the second international methanol seminar and expo 2024, a two-day event on October 17-18, 2024, at the Manekshaw Centre, New Delhi. According to an official statement, the Methanol Economy in India was started in September 2016 when Niti Aayog, in collaboration with Methanol Institute, USA, orga
JSW Steel on Thursday said it has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in the steelmaking process. India's steel sector accounts for 12 per cent of India's greenhouse gas emissions, with an emission intensity of 2.5 tonnes of CO2 per tonne of crude steel compared to the global average of 1.9 tonnes of CO2 per tonne of crude steel, as per official estimates. "JSW Steel, BHP and Carbon Clean are collaborating to accelerate deployment of carbon capture technology for steelmaking decarbonisation. "Under the agreement, the parties will commence joint studies to explore the feasibility of Carbon Clean's CycloneCC modular technology to capture up to 1 lakh tonne per year of CO2 emissions," JSW Steel said in a statement. There are several challenges with the adoption of carbon capture technology in the steel industry, including capital expenditure and ongoing operating costs, as well as the integration of new equipment into an ..
The Indore Municipal Corporation is partnering with the Energy Swaraj Foundation to educate and empower residents to adopt more sustainable practices over the campaign's duration
While the group is mostly focussed on building pumped hydro storage in India, it is drawn to countries that have favourable topography and demand for hydropower
Telco major Bharti Airtel and Finnish telecom and IT company Nokia on Tuesday said their collaboration to launch the 'Green 5G' initiative is aimed at improving energy efficiency on Airtel's mobile network and reduce its carbon emissions by 143,413 metric tons of CO2 annually. The project will focus on enhancing energy efficiency across Airtel's extensive 4G/5G Radio Access Network (RAN) by leveraging technologies like artificial intelligence and machine learning, as well as a suite of advanced software features and innovative solutions, a joint statement said. "The comprehensive solution is expected to enhance energy efficiency during peak and off-peak hours and is projected to reduce Airtel's carbon emissions by an estimated 143,413 metric tons of CO2 annually," it said. The partnership will focus on 'zero-traffic, zero-watt operation', reducing the radio network's power consumption during periods of no traffic, thereby conserving power and optimising energy management. "Nokia ha
SAIL on Monday said it has signed an agreement with global resources company BHP to work on strategies for low-emission steel manufacturing technologies. Both companies signed the memorandum of understanding to support decarbonisation in steel making, the Steel Authority of India Ltd (SAIL) said in a statement. "This collaboration is an important step for SAIL and BHP in promoting lower carbon steelmaking technology pathways for the blast furnace route in India. Under this MoU, the parties are already exploring a number of workstreams supporting the potential decarbonisation at SAIL's integrated steel plants which operate blast furnaces (BF) with an initial study to assess various strategies to reduce greenhouse gas emissions (GHG)," it said. These workstreams will consider the role of alternate reductants such as the use of hydrogen and biochar for blast furnaces, to build local research and development capability to support the decarbonisation transition. SAIL Chairman Amarendu .
EET Fuels, owner of UK's Stanlow oil refinery, on Thursday said it has secured USD 650 million in financing and trade credit financing facilities for its decarbonisation plans. "This demonstrates market confidence in the company's decarbonisation strategy," the firm said in a statement. Essar Energy Transition (EET) Fuels is setting a new global benchmark for industrial decarbonisation, becoming the first low carbon process refinery as it will reduce emissions by 95 per cent by the close of the decade. Industrial carbon capture and use of blue hydrogen are at the heart of the company's strategy. The facilities secured to support this strategy include USD 150 million from ABN AMRO Bank, extension and upsizing HCOB and UMTB facility to USD 200 million for receivable financing, and a trade credit financing for USD 300 million with an international oil company. The firm did not reveal details such as coupon rate and tenure. "EET Fuels' continuing operational improvement and delivery o
Adani Group will supply renewable energy generated from a new solar-wind hybrid project located at Khavda, Gujarat, to Google from 2025
Three Adani group firms -- Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd -- have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster. This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment and advance decarbonisation by 2050, the group said in a statement. "By joining the WEF initiative, the signatories will have the opportunity to collaborate with global industry peers, think tanks, policymakers and experts to pioneer innovative approaches towards decarbonization," said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements. "The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country's dependency on energy imports." The WEF has played an important
India's net-zero carbon strategy has focused intensely on sectors such as automotive, power, steel, aviation, cement, and agriculture, which collectively contribute significantly to carbon emissions
The UK will close its last coal power plant on Monday, marking a significant milestone in energy use amid global calls for adopting green energy to thwart the irreversible threat of climate change
While 1,750 of more than 4,000 major corporations, cities, and regions around the world have made formal net-zero pledges, nearly 1,700 have yet to set any targets